Cardiac & Thoracic Surgery Associates

What Cardiac & Thoracic Surgery Associates does

Cardiac & Thoracic Surgery Associates (CTSA) is a private, physician-owned cardiothoracic and thoracic surgery practice headquartered in Colorado Springs, Colorado. Founded in 2008, the practice provides comprehensive surgical care for diseases of the heart, lungs, and chest across Colorado, operating through main clinic locations at Penrose Pavilion (Colorado Springs) and St. Anthony Medical Center (Lakewood/Denver) plus satellite outreach clinics in Glenwood Springs, Durango, and Longmont.

CTSA's service portfolio spans the full cardiac and thoracic surgery spectrum. Cardiac offerings include minimally invasive cardiac surgery, coronary artery bypass grafting (on-pump, off-pump, MIDCAB, TECAB), valve repair and replacement, transcatheter aortic valve replacement (TAVR), transcatheter edge-to-edge repair (TEER), MAZE procedure for atrial fibrillation, aortic aneurysm repair, and complex reoperative cardiac surgery. Thoracic offerings include video-assisted thoracic surgery (VATS), robotic-assisted thoracic surgery using the DaVinci platform, cervical mediastinoscopy, thoracotomy, open thoracic surgery, and lung and esophageal cancer resection. Notable technical differentiators include Colorado's busiest minimally invasive cardiac surgery program (100+ procedures annually), a 90%+ mitral valve repair success rate, first TAVR program in southern Colorado, and the only provider in southern Colorado for robotic lobectomies. The practice partners with Penrose Cancer Center on weekly multidisciplinary thoracic oncology tumor boards.

The practice generates fee-for-service revenue from surgical procedures, with professional surgeon fees billed to insurance providers and Medicare/Medicaid; hospital facility fees accrue to hospital partners rather than CTSA. Patient acquisition is driven by physician referrals from cardiologists, pulmonologists, primary care physicians, and oncologists, supplemented by hospital affiliations, patient testimonials, and educational content (wellness guides, procedure videos) on the company website. The clinical team comprises six board-certified cardiothoracic and thoracic surgeons trained at Harvard, Yale, Walter Reed, Cleveland Clinic, UCLA, Mayo Clinic, and other top institutions, supported by six advanced practice providers and a founder serving as emeritus.

Name

Cardiac & Thoracic Surgery Associates

Legal name

Cardiac & Thoracic Surgery Associates

Website

https://ctsurgery.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

11–50 employees

Short description

CTSA is a private Colorado-based cardiothoracic and thoracic surgery practice that performs heart, lung, and chest surgery across Colorado Springs, Denver, and satellite outreach clinics, serving adult patients with cardiac and thoracic disease via hospital-based clinics and physician referrals.

Ownership category

akta.pro rank

Product category

Cardiothoracic Surgery

NAICS

Offices of Physicians (6211)

SIC

Services-Offices & Clinics Of Doctors Of Medicine (8011)

akta.pro primary industry

Interventional Cardiology (PCI/Structural Heart) (HLAKABAB)

akta.pro secondary industries

Thoracic (Lung) Oncology (HLAKAFAL), Surgical Oncology (HLAKAFAG)

Keywords

• Cardiothoracic surgery
• Cardiac surgery services
• Thoracic oncology care
• Minimally invasive surgery
• Valve repair surgery

Headquarters

HQ city

Colorado Springs

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Surgical Procedures: Fee-for-service revenue from surgical procedures performed on heart and lung patients including coronary artery bypass grafting, valve repair/replacement, TAVR, thoracic oncology procedures, and minimally invasive techniques. Revenue is generated through hospital facility fees and professional surgeon fees billed to insurance providers and Medicare/Medicaid.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Cardiac & Thoracic Surgery Associates provides surgical treatment for patients with diseases of the heart, lungs, and chest, including coronary artery bypass grafting, valve repair/replacement, transcatheter aortic valve replacement (TAVR), atrial fibrillation surgery, lung cancer resection, and esophageal cancer surgery. The practice emphasizes minimally invasive and robotic-assisted techniques through hospital affiliations at Penrose Hospital and St. Anthony Medical Center.

Product overview

Cardiac & Thoracic Surgery Associates is a healthcare provider offering surgical care for cardiopulmonary diseases, not a software product company. The organization provides a comprehensive suite of cardiac and thoracic surgical services through its team of cardiothoracic and thoracic surgeons. The core services include Heart & Aorta Treatments (cardiac surgery, CABG, valve surgery, TAVR, TEER, MAZE procedure for atrial fibrillation, aortic aneurysm repair) and Lung & Chest Treatments (VATS, robotic assisted thoracic surgery, cervical mediastinoscopy, thoracotomy, open thoracic surgery, lung cancer treatment, esophageal cancer treatment). The practice emphasizes minimally invasive techniques, including Colorado's busiest minimally invasive cardiac surgery program performing over 100 procedures annually, and is the only provider in southern Colorado for robotic lobectomies using the DaVinci Surgical Robot. TAVR services were the first offered in southern Colorado and the first in the state to offer both FDA-approved TAVR implants outside research studies. Multidisciplinary care is provided through the Penrose Cancer Center collaboration.

Differentiator

Problem solved

Functional benefit

Products and services

• Heart & Aorta Treatments Surgical treatments for cardiovascular conditions including heart disease, valve disease, aortic dissection, coronary artery disease, atrial fibrillation, aortic disease, and aortic aneurysms.
• Lung & Chest Treatments Thoracic surgical care for malignant and benign diseases of the lungs, trachea, esophagus, chest wall, pleural space, and mediastinum, including lung cancer and esophageal cancer treatment.
• Minimally Invasive Cardiac Surgery Surgical techniques performed without dividing the breastbone, using video imaging and small incisions for mitral valve repair/replacement, aortic valve replacement, coronary artery bypass, atrial septal defect closure, and cardiac tumors. Colorado's busiest minimally invasive cardiac surgery program performing over 100 minimally invasive operations annually.
• Coronary Artery Bypass Grafting (CABG) Surgical treatment for blocked coronary arteries involving rerouting blood around blockages, including conventional open approach, off-pump CABG, minimally invasive direct CABG (MIDCAB), and robot-assisted TECAB procedures.
• Valve Surgery Surgical treatment for aortic and mitral valve conditions including aortic valve replacement (AVR) and mitral valve repair/replacement (MVR), offering both mechanical and tissue prosthetic valve options.
• Transcatheter Aortic Valve Replacement (TAVR) Minimally invasive procedure for aortic valve stenosis that threads a catheter through an artery (usually the groin) to the heart, where a valve is deployed. First program in southern Colorado to offer TAVR and first program in Colorado to offer both FDA-approved TAVR implants outside of research studies.
• Transcatheter Edge-to-Edge Repair (TEER) Minimally invasive catheter-based procedure using a device delivered through the groin to reapproximate mitral valve leaflet edges, reducing mitral valve regurgitation without open heart surgery.
• Video-Assisted Thoracic Surgery (VATS) Minimally invasive chest surgery technique using a thorascope and small incisions to find causes of lung problems, drain fluid, remove or biopsy chest tumors, and prevent fluid buildup.
• Robotic Assisted Thoracic Surgery Surgical procedures using the FDA-approved DaVinci Surgical Robot with 10x3D magnification and wrist articulation, providing minimally invasive approach for lobectomies and other thoracic procedures. Only provider in southern Colorado for robotic lobectomies.
• Thoracic Oncology Multidisciplinary Care Collaborative cancer care program at Penrose Cancer Center involving thoracic surgeons, radiation oncologists, medical oncologists, pulmonologists, radiologists, pathologists, nurse navigators, and clinical trial coordinators, meeting weekly to tailor individualized treatment strategies.
• Reoperative Cardiac Surgery Complex second or additional heart operations for patients who have already had prior heart surgery, with over 15% of all operations being second or third procedures.
• MAZE Procedure for Atrial Fibrillation Surgical treatment for atrial fibrillation creating scars that block abnormal electrical conduction, performed as stand-alone minimally invasive or concomitant to other heart surgery, with left atrial appendage removal to reduce stroke risk.
• Aortic Aneurysm Repair Surgical repair or replacement of aneurysmal aorta using traditional open approach or minimally invasive endovascular approach with catheter-delivered grafts.
• Lung Cancer Treatment Surgical treatment for multiple types of lung cancer including non-small cell lung cancer (NSCLC) and small cell lung cancer (SCLC), with staging, diagnosis, and multidisciplinary treatment planning.
• Esophageal Cancer Treatment Surgical resection (esophagectomy) for esophageal cancer, including pre-operative evaluation, staging, chemotherapy/radiation therapy, and post-operative care with various diet progressions.

Quantifiable outcome

• Over 100 minimally invasive cardiac operations performed annually
• +4 more outcomes

Named customers10 records

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Penrose Cancer CentercoreStrategic or Co-development PartnerCardiac & Thoracic Surgery Associates partners with the Penrose Cancer Center, the only National Cancer Institute Community Cancer Center in Colorado. The practice participates in the multidisciplinary thoracic oncology group alongside radiation oncologists, medical oncologists, pulmonologists, radiologists, pathologists, nurse navigators, and clinical trial coordinators. The multidisciplinary care conference meets weekly to tailor individualized treatment strategies for each patient.
• Penrose HospitalcoreStrategic or Co-development PartnerPrimary hospital affiliation for cardiac surgery in southern Colorado. CTSA provides the broadest array of cardiac procedures and services at this location. First program in southern Colorado to offer TAVR, and first program in Colorado to offer both FDA approved TAVR implants outside of research studies.
• St. Anthony HospitalcoreStrategic or Co-development PartnerHospital affiliation in the Denver/Lakewood area providing cardiac surgery services to the greater Denver metropolitan region.
• Valley View HospitalminorStrategic or Co-development PartnerSatellite outreach clinic location in Glenwood Springs, CO providing patient consultations and follow-up care for patients in the mountain communities.
• Mercy Regional Medical CenterminorStrategic or Co-development PartnerSatellite outreach clinic location in Durango, CO serving southwestern Colorado patients with cardiac and thoracic surgery consultations.
• Longmont Medical CenterminorStrategic or Co-development PartnerSatellite outreach clinic location in Longmont, CO serving northern Colorado patients with cardiac and thoracic surgery consultations.
• Pikes Peak Therapeutic Riding CenterminorOthersCTSA sponsors the Pikes Peak Therapeutic Riding Center as a community wellness initiative. The nonprofit provides therapeutic riding services.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• HCA Healthcare: Largest U.S. for-profit hospital operator with broad cardiac and thoracic surgery programs across multiple states. Comparable as a broad incumbent that competes for tertiary surgical referrals and whose local affiliates (e.g., HealthONE) overlap directly with CTSA's geography.
• Tenet Healthcare: Large multi-state hospital and ambulatory care operator with cardiovascular and thoracic service lines. Comparable as a broad incumbent whose hospital footprint overlaps CTSA's catchment and competes for complex cardiac surgery cases.
• Universal Health Services: Multi-state acute care and specialty hospital operator with cardiovascular service lines at several flagship hospitals. Comparable as a broad incumbent providing tertiary cardiac surgery services in geographies that overlap with CTSA's regional referral base.

Regional players

• UCHealth: Large Colorado-headquartered academic health system operating major hospitals in Colorado Springs, Denver, and across the state. Comparable as a regional incumbent with employed cardiologists and pulmonologists that both feed and compete for CTSA's surgical referrals.
• Centura Health: Colorado-based regional health system that operates Penrose Hospital, CTSA's primary surgical hospital. Comparable as a same-region incumbent with overlapping cardiac and thoracic surgery service lines and competing surgical referrals.
• HealthONE: Denver-area hospital system and HCA affiliate providing cardiac and thoracic surgery services in the same metropolitan market as CTSA's Lakewood location. Comparable as a competing regional surgical services provider in CTSA's primary catchment.

Direct peers

• Surgery Partners: Public ambulatory surgical and specialty surgical services operator. Comparable as a multi-site, specialty-focused surgical services platform serving patients on an outpatient and short-stay basis.
• Envision Healthcare: Large physician practice management and specialty clinical services company. Comparable to CTSA as a multi-specialty physician services organization delivering surgical and procedural care through hospital affiliations.
• U.S. Anesthesia Partners: Specialty physician services platform focused on anesthesiology and perioperative care delivered in hospital settings. Comparable to CTSA in operating a hospital-based specialty physician group model with regional concentration and partnership-driven growth.

Emerging players

• Select Medical Holdings: Specialty hospital and outpatient rehabilitation operator with growing focus on complex medical and post-surgical care. Comparable as an emerging platform aggregating specialty clinical services across multiple sites, a model that mirrors the consolidator archetype CTSA could join or partner with.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/ctsurgeryassociates

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cardiac & Thoracic Surgery Associates